Above trend line and 100 hour MA
The buyers are making a play to the upside in the EURUSD:
- new session highs
- breaking above the 100 hour moving average and topside trend line
- 1st time above the 100 hour moving average since November 4
The high for the week comes in at 1.10426, and would be the next topside target for the pair. The falling 200 hour moving average at 1.10491 is also a topside target on more momentum.
